Swindon Town are set to be sold to a local consortium, understood to be led by Banbury United owner Jed McCrory.
The club have not yet confirmed the deal, but BBC Wiltshire has learned it is likely to be completed on Wednesday, subject to Football League approval.
It was revealed earlier this month that Town owner Andrew Black was putting the League One club up for sale because he was no longer willing to invest.
McCrory assumed control of Southern League side Banbury six months ago.
No other names involved in the consortium have yet been revealed.
Owner Black was part of a group – including former chairman Andrew Fitton and businessman Sir Martin Arbib – which took over Swindon in 2008.
Upon their appointment, the consortium paid off a £900,000 bill to HM Revenue & Customs to effectively save the club from going under.
Fitton was replaced as chairman by Jeremy Wray in 2011, following their relegation to League Two and shortly before the arrival of manager Paolo Di Canio.
The club secured promotion as champions under Di Canio last season and now sit third in League One, but their financial situation has come under scrutiny in recent weeks after Black’s decision to sell up.
It is thought around £9m was owed to investors – with total debts amassing £13m – and the club had considered entering administration in a bid to wipe the unsecured debt.
The sale of the club is likely to end any threat of administration, but it is not yet known whether funds will be made available for Di Canio to bring in players before the transfer window closes on Thursday.
Speaking last month, the club’s current chairman Sir William Patey, who is set to leave his position when the new owners are confirmed, insisted the club had no money to spend on big signings.
BBC Sport
